Karoon Energy Ltd · ASX:KAR
Karoon Energy — Shareholder Meeting (November 2004)
23 slides from Karoon Energy's shareholder meeting presentation, Nov 26, 2004
Slide 1: Karoon Gas Australia
‘ as, ragon Brown
Slide 2: Agenda
Agenda ° Introduction oy iG ae ae ce c a) . _ ] 3e0l0 oe ce oo . - i. _. a 7 a os - cae . _ _ - - - ee | of “Megscolides-1 (Currently drilling) - : — bd “Invermay-1 Sent ena ae : : oon aerd | / Gippsland Ye = agonBrownCoalresource = = | ——————————————————— ££ co . oo i ole a - . . a oe oa a ==—C—CC”
Slide 3: Gippsland Permits, Well and Seismic locations
Gippsland Permits, Well and Seismic locations sxnan 00000 Homa e008 Hee sang sanpai sifoccar Invermay-1 Area of seismic acquisition One deep well will be drilled to test both the ‘| shallower CBM potential and then the Crayfish | Gp. equivalent section toa TD of a subsuriece. The second and | eosaib
Slide 4: Gippsland Permits — Work Programs
Gippsland Permits — Work Programs KAROON GAS PTY LTD VICTORIAN EXPLORATION PERMITS & LEASES - COMMITMENTS AND TIME LINE Year 2000 52002 £2003 12004 Month AMS J ASONDJFMANJ JASONDJFMAMJ JASONDUFMAMJJAS O 12005 2006 2007 DUFMAMJJAS GQ HDIUFMAMJJASONDIJFMAMJJASOND wevadenened aii alene PEP162 commitmen
Slide 5: Gippsland - Geological Setting
Gippsland- Geological Setting ae Pere IE ae le mesa000 378000 399000 400000 «408000410000 418000 . the MO ey Fault across the recently Location map for the seismic lines showing also surface geology and coal bore locations. The seismic. (blue lines) is located mainly over less structurally deformed
Slide 6: Gippsland - Geological Setting
Gippsland- Geological Setting Schematic cross-section through the Karoon Gas lease EL 4537 = soKaroon Gas lease EL 4537. Northern Terrace | Narracan Trough Old Coalfields my, Potentially large volumes of Coals & associated CBM gas coal & associated CBM gas likely too deep and structurally preserved
Slide 7: Gippsland - Geological Setting
Gippsland- Geological Setting Strzelecki Gp. Detailed Stratigraphy - Seismic comparison (After Constantine and Holgate, 1993.) SECHON PREOOMINANILY MISSING OVER CENTRAL & NORTHERN PERMIT AREA ent WOODS Diet SEREAHZONS KILLUNDA FM SIRZ (Top Craylsh equiv] [MID C.Huc SAN REMO MEMBER “ RHYLLARKOSE | ’
Slide 8: Gippsland - Prospect descriptions
Gippsand- Prospect descriptions GBAO1A - 05 all i Le : : ae ae : jail Megascolides-1 m elev ene nck | hia aba Drilling at this location is planned to extend to 2000m, 300m into the interpreted Crayfish Group Equivalent section. = rig woe gba ta ~ “ins x [fear 2 [fiat] Pe Tee SI
Slide 9: Gippsland Prospect descriptions
Gippsland Prospect descriptions ss GBADIA- 03 A PECEL BERET SACP Pen ERC et 1h EL yi eR eee = aim Interpret | : : Sa7576 40 (Point 3 Z i ee
Slide 10: Gippsland - Prospectivity
Gippsland- Prospectivity ZONE-4 19 Optimum depth range. Lower structural deformation. Thicker coals. ! t| ZONE-2. > 4*'| Too deep in north. Too shallow i in a - extent of Top Strzelecki coal horizon in optimum depth range.
Slide 11: Yarragon Brown Coal Resource
Yarragon Brown Coal Resource wei exe Category Coal In Situ Resources Estimate’ Measured 50 million tonnes Indicated 210 million tonnes Inferred 80 million tonnes Total 340 million tonnes of the recorded depths in the borehole logs refer to coal (<10% ashi(wt % dry basis)) and 45% to inferior coal (b
Slide 12: Yarragon Brown Coal Resource
Yarragon Brown Coal Resource E-W and N-S cross sections based on multiple bore holes demonstrate a significant and well defined mineable resource ESSO drilled up and evaluated the field as a candidate for a synthetic fuels LEGEND ‘Teh + Pligcena = Houated Hille Grovel development project during a pe
Slide 13: Karoon - Gippsland Resource Base
Karoon- Gippsland Resource Base KAROON GAS AUSTRALIA LTD (EL4537 & PEP 162) Resource base- In Place RESOURCE RANKING COMMENTS / RISKS POSSIBLE _ PROBABLE _ PROVEN CBM (TCF) MINIMUM 1.5 Carries exploration risk MOST LIKELY 5 MAXIMUM 10 Brown Coal (Millions Tons} | MINIMUM 100 No Exploration risk MOST
Slide 14: West Australian Acreage WA-314-P & WA-315-P
West Australian Acreage WA-314-P & WA-315-P i * sa PUN i i) 7. ea LE ERNE ) | ann i oy eo i Nu wt | il i t so i Hl ee ___Gas Australia Ltd |
Slide 15: West Australian Acreage WA-314-P & WA-315-P
West Australian Acreage WA-314-P & WA-315-P «Seven large high relief leads with areas ranging from 60 to 350 square km. *The same play type as Scott-Reef immediately to the south. %, 3 . ee, wn ce ec Me aan caren aglton: asain iiss ia. Ril sar00 s & & ea Karoon farmin. “Under the farmin aurcement wi
Slide 16: West Australian Acreage WA-314-P & WA-315-P
West Australian Acreage WA-314-P & WA-315-P *Seismic dip line NW-SE. Ter oe ee cbileibiandluah SICOON as Australia Ltd |
Slide 17: West Australian Acreage WA-314-P & WA-315-P
West Australian Acreage WA-314-P & WA-315-P Work Program minimum requirements for each permit ‘The first three years is a committed program. work program by the 11" of May 2005 *Second three years can be negotiated on sound technical grounds. *«Karoon has been granted permit extensions in Year-2.and
Slide 18: WA-314-P & WA-315-P — Prospects & Leads
West Australian Acreage WA-314-P & WA-315-P — Prospects & Leads Leviathon / Buffon Prospect Prospect Leviathon /Updip Buffon Depth map at the JB top reservoir horizon (Woodside Pet. 1982). Cases Low case {P10} | Most likely (P50}] High case (P90) Down to 4300mss| Main structure | Main+west ext. The
Slide 19: WA-314-P & WA-315-P — Prospects & Leads
West Australian Acreage WA-314-P & WA-315-P — Prospects & Leads ie as Australia Ltd |
Slide 20: Markets and development opportunities
West Australian Acreage WA-314-P & WA-315-P Markets and development opportunities With Asia-Pacific demand for LNG rising strongly, Karoon Gas believes that large gas accumulations in offshore Western Australia can be commercialised readily over the next decade. In the current global environment, la
Slide 21: Karoon's position in the markets and development opportunities
West Australian Acreage WA-314-P & WA-315-P Karoons position in the markets and development opportunities Karoon’s permits are in a politically safe environment and any discoveries can converted to LPG for transport to markets such as Europe, Japan, China and North America.are now increasingly highl
Slide 22: Karoon Highlights
Karoon Highlights Gippsland CBM_& conventional Oil and Gas Karoon is currently in an active exploration phase in the Gippsland Basin with the Megascolides-1 well currently rilling the Stzelecki coals at a depth of 980m. * . The well is just into the CBM interval with only thin coals penetrated so fa
Slide 23: LS mm mm eT
LS mm mm eT CCC 1) Dv - | . — i as AE SVE ie Bile Ge = - ae a c Boge ae _ as 2 Ele ae ee c a5 a L _ Do oo 7 oo | L _ co a Se ee _ ee oo 1c | a ae 1 i | |. L eG eee ee a Lo - me Ly Ly i ae - | in if ite Be | i oF Soe i Sel at . ee oo a i: i 7 Co ae = ac a ae ee . . - UE SS oe ce — _ [ .. oo oF | L ie